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Answer the Following: A. What Is a Bulk Transfer, and Under What Part

Question 61

Essay

Answer the following:
a. What is a bulk transfer, and under what part of the Code is it governed?
b. Identify the central purpose of bulk sales law.
Section 102 of Article 6 of the UCC defines a bulk transfer as "any transfer in

Correct Answer:

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a. bulk and not in the ordinary course of the transferor's business of a major part of
the materials, supplies, merchandise or other inventory." Article 6 and Revised
Article 6 of the Code apply to bulk tr...

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